Imagine my surprise when I opened this email!?!
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From: FeedBlitz
Sent: Friday, May 11, 2007 3:28 PM
To: reinkefj
Subject: [FeedBlitz] An anonymous user has confirmed their subscription to “Reinke Faces Life”
An anonymous user has confirmed their subscription to “Reinke Faces Life”
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I didn’t know it could do that. The logic is impeccable. The user can get a fake free id and accomplish the same thing, so why make extra work. I was just surprised!
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Posted by reinkefj
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Posted by reinkefj
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Are there any mutual funds that track the “Dow Jones U.S. Select Investment Services index”?
I know there is an exchange traded fund (ticker symbol “IAI”), but I’m looking for a mutual fund that tracks this index. Thanks.
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Not that I am aware of.
The more interesting question is why are you interested in such a fund?
Hopefully you have heeded the Wall street axiom of “no more than 5%” and never invest what you can’t afford to lose. There are folks on the Street who specialize in niches; I’m guessing if you have to ask here, then you’re not one of them. Then, my advice is to retreat at full speed.
Mutual Fund Investing should be part of an overall comprehensive strategy. If you’re buy’em’n’holdem, then you really don’t want to be so narrowly focused. If you’re a timer, then you really want the ETFs. (Remember these things are not created for your benefit.)
If you’re looking for a mutual fund because you can’t make the minimum buy in an ETF (which for the one you cited will probably be 6k) or if you can’t meet the broker’s “suitability” obligation, then you shouldn’t be in this space to start with. Then, you might be “gambling” as opposed to “investing”.
I’d be interested if anyone these apply.
If they do, you’d be better off in a stodgy Vanguard Mutual Fund, or a casino. At least, at the casino, you’d get a free drink. Maybe at Vanguard as well. Coffee that is.
Now where is my guaranteed insured variable index life insurance annuity with joint survivor option and guaranteed return? (Bad joke about another hugely bad idea that gets pushed on small investors for “retirement”. Who’s retirement? The broker’s of course.)
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Posted by reinkefj
MISSED POSTS
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01===
RANT: USATODAY top 25 meltdowns
https://reinkefj.wordpress.com/2007/05/10/rant-usatoday-top-25-meltdowns/
http://tinyurl.com/39asjn
02===
FUN: Explaining Libertarianism to the un-converted
https://reinkefj.wordpress.com/2007/05/10/fun-explaining-libertarianism-to-the-un-converted/
http://tinyurl.com/2j3vx5
03===
JOBSEARCH: Define yourself based on your capabilities
https://reinkefj.wordpress.com/2007/05/10/jobsearch-define-yourself-based-on-your-capabilities/
http://tinyurl.com/2xz6hh
04===
YAHOO ANSWER: How can I get a corporate job after not working for the past 5 years?
https://reinkefj.wordpress.com/2007/05/10/yahoo-answer-how-can-i-get-a-corporate-job-after-not-working-for-the-past-5-years/
http://tinyurl.com/3xnch5
05===
LIBERTY: The Federal Reserve ain’t
https://reinkefj.wordpress.com/2007/05/09/liberty-the-federal-reserve-aint/
http://tinyurl.com/2hq5mk
06===
PRODUCTIVITY: How many email accounts?
https://reinkefj.wordpress.com/2007/05/09/productivity-how-many-email-accounts/
http://tinyurl.com/2t9g4x
07===
RANT: Gooferment loses a disk drive?
https://reinkefj.wordpress.com/2007/05/09/rant-gooferment-loses-a-disk-drive/
http://tinyurl.com/3ap994
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Argh!
Some of my best work.
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You are currently browsing the Reinke Faces Life blog archives for the day Friday, May 11th, 2007.
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FJohn Reinke
Consultant at Technology Legacies LLC
Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
Greater New York City Area
JJ Positraction JJ Endnotes Downsize DC
Philosophy of Liberty
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Reinke Faces Life 